The e-procurement process

How do you think e-procurement cuts costs and saves time?

Solution Preview

The e-procurement process "is more than just a system for making purchases online. A properly implemented system can connect companies and their business processes directly with suppliers while managing all interactions between them" ("Articles : eprocurement ," 2010, para. 1).

The first way that a e-procurement can save time and cut costs is through the "decision-making process by keeping relevant information ...

Solution Summary

The e-procurement process "is more than just a system for making purchases online. A properly implemented system can connect companies and their business processes directly with suppliers while managing all interactions between them" ("Articles : eprocurement ," 2010, para. 1).